Blockchain Liangqiu: On October 18, Bitcoin/Ethereum fluctuated back and forth between long and short positions. How to operate next?

CN
4 hours ago

Follow for more, earn millions. Hello everyone, I am analyst Liang Qiu. Here I share my views, hoping that every friend who follows can achieve good returns!

First published on Weibo, you can follow Weibo Blockchain Liang Qiu, focusing on mainstream coin guidance and layout. Bitcoin/Ethereum's short positions were set yesterday in the range of 67400 to 67700 and 2635 to 2655. Last night, Bitcoin and Ethereum dropped to 66600 and 2573 respectively, allowing for a decent profit. Following that, the morning market surged again, with Bitcoin and Ethereum rising to 68200 and 2650 respectively. The market has been fluctuating back and forth; as mentioned multiple times, when the market approaches 68000, one can directly enter short positions. Currently, the market is in a tug-of-war, which is a consolidation for high-level selling, and at the same time, it proves that the resistance in the 68000 to 68500 area is effective.

In terms of Bitcoin's K-line pattern, the recent price has been oscillating at a high level, forming a relatively strong upward trend. However, the short-term surge has been too large, and the daily K-line shows several consecutive bullish candles with gradually decreasing volatility, which may indicate a need for short-term adjustment. Additionally, in the technical indicators, the MACD on the 4-hour cycle shows that both DIF and DEA are in the positive area, but the MACD histogram shows signs of shortening, indicating that bullish strength is weakening, and there is a risk of a pullback under pressure from above.

In terms of operations, the focus is on swing trading. For Bitcoin, continue to enter short positions around the current price of 68500 to 68200, targeting around 66000; for Ethereum, continue to enter short positions around 2630 to 2650, targeting around 2560. The post is effective, and specific guidance will be based on real-time updates. Currently, the market outlook is relatively good, and I recommend swing trading for altcoins like ORDI, LPT, SOL, and UNI, with specific operations based on real-time guidance. For more strategies, you can follow Weibo: Blockchain Liang Qiu.

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